Yogurt Market worth $88.33 billion by 2030, growing at a CAGR of 6.80% - Exclusive Report by 360iResearch

The "Yogurt Market by Category (Dairy-Based Yogurt, Non-Dairy Based Yogurt), Flavor (Flavored Yogurt, Plain Yogurt), Form, Packaging, Distribution - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Yogurt Market to grow from USD 55.70 billion in 2023 to USD 88.33 billion by 2030, at a CAGR of 6.80%.

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Yogurt is a widespread fermented dairy product that is enjoyed by individuals worldwide. Essentially, it is derived from the fermentation of milk induced by two primary bacteria known as Lactobacillus bulgaricus and Streptococcus thermophilus, which convert lactose, the sugar present in milk, into lactic acid. The process causes the milk proteins to thicken, resulting in a tangy, creamy product known as yogurt. However, the influence of other cultures, such as Bifidobacteria and Lactobacilli, also contribute, often introducing additional health benefits and varying tastes. Despite its simple origins, the yogurt world has evolved into a remarkably diverse landscape, boasting many types that cater to various tastes and preferences. The market now offers various yogurt options, showcasing the versatility and innovation within this seemingly simple culinary delight. Traditional plain yogurt is unflavored and unsweetened, offering a tangy and creamy taste sensation. Flavored varieties are mixed with fruits, honey, or other sweeteners for added taste, while Greek yogurt is strained thoroughly to remove whey, resulting in a thicker texture with a higher protein content. The yogurt market is a dynamic and diverse segment of the global food industry, characterized by a wide array of product offerings that cater to consumers' tastes, health, and dietary preferences across the globe. In recent years, the market has seen notable trends that reflect changing consumer preferences and societal shifts. Increasing consumption of yogurt owing to its associated health benefits, improved availability and supply chain of yogurt through online platforms, and significant demand for yogurt owing to the presence of flavored and lactose-free products are contributing to the expansion of the yogurt market. However, the market faces certain challenges, such as health risks associated with artificial additives and ingredients in yogurt and product recalls coupled with significant consumption of substitute products, hindering the growth of the yogurt market. On the other hand, the increasing development of organic and vegan yogurt and rising adoption attributed to convenient and innovative yogurt packaging formats presents a potential opportunity for the yogurt market to flourish in the coming years.

The yogurt market has been experiencing significant growth in the Americas, with a notable interest in Greek and non-dairy options. Consumer preferences are shifting toward healthier and functional foods, which is driving the consumption of dairy-free yogurt in the region. The yogurt market in Europe, the Middle East, and Africa (EMEA) is marked by a strong preference for traditional and plain yogurt manufacturers. With a rich history of yogurt consumption, companies in this region often favor authentic and regional specialties in their products. Furthermore, the EMEA yogurt market is observing a rise in the demand for probiotic, high-protein, and lactose-free yogurts owing to health-conscious consumers. The Asia-Pacific (APAC) yogurt market is rapidly growing and evolving, attributed to the rising disposable incomes, urbanization, and a growing emphasis on healthy lifestyles of the population. The region's diverse yogurt market is influenced by various cultural dietary habits and economic conditions. Innovation in flavors and formats has been a key to capturing the diverse consumer preferences within the region. The growing availability of spoonable and drinkable yogurt products through e-commerce platforms is gaining traction among younger consumers of the region.

Market Segmentation & Coverage:

This research report categorizes the Yogurt Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Category, market is studied across Dairy-Based Yogurt and Non-Dairy Based Yogurt. The Dairy-Based Yogurt commanded largest market share of 92.78% in 2023, followed by Non-Dairy Based Yogurt.

Based on Flavor, market is studied across Flavored Yogurt and Plain Yogurt. The Flavored Yogurt commanded largest market share of 87.48% in 2023, followed by Plain Yogurt.

Based on Form, market is studied across Conventional Yogurt, Frozen Yogurt, Greek Yogurt, Set Yogurt, and Yogurt Drinks. The Conventional Yogurt commanded largest market share of 27.19% in 2023, followed by Set Yogurt.

Based on Packaging, market is studied across Plastic Bottles and Tetra Packs. The Tetra Packs commanded largest market share of 42.61% in 2023, followed by Plastic Bottles.

Based on Distribution, market is studied across Offline and Online. The Offline commanded largest market share of 95.88% in 2023, followed by Online.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 52.22% in 2023, followed by Americas.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Yogurt Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Yogurt Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Yogurt Market, highlighting leading vendors and their innovative profiles. These include 16 Handles, Alpina Productos Alimenticios SA, Alpura, SA, Andros SNC, Arla Foods Ingredients Group P/S, Britannia Industries Limited, CALIDAD PASCUAL, S.A.U., Casa Grande de Xanceda SL, China Mengniu Dairy Company Limited, Chobani, LLC, DAHlicious, Dana Dairy Group Ltd., Danone S.A., Dr. Otto Suwelack Nachf. GmbH & Co. KG, Ehrmann SE, Epigamia, FAGE International S.A., Fonterra Co-operative Group Limited, General Mills, Inc., Granarolo S.p.A., Granja el Prat, Gujarat Cooperative Milk Marketing Federation Ltd., Holland Dairy, Junlebao Dairy Group, LA FERMIERE, Lactalis Ingredients, Meiji Holdings Co., Ltd., Menchie's Group, Inc., Mevgal S.A., Muller UK & Ireland Group LLP, Nanci's Frozen Yogurt, Nestlé S.A., Noosa Yoghurt, LLC by Sovos Brands Intermediate, Inc., Penn Dairy, PURIS, Royal FrieslandCampina N.V., Saputo Inc., Schreiber Foods Inc., Seven Stars Farm, Sunrise Dairy Limited, The Hain Celestial Group, Inc., Unilever PLC, Valio Group, and VIMA Foods.

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Yogurt Market, by Category
7. Yogurt Market, by Flavor
8. Yogurt Market, by Form
9. Yogurt Market, by Packaging
10. Yogurt Market, by Distribution
11. Americas Yogurt Market
12. Asia-Pacific Yogurt Market
13. Europe, Middle East & Africa Yogurt Market
14. Competitive Landscape
15. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Yogurt Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Yogurt Market?
3. What is the competitive strategic window for opportunities in the Yogurt Market?
4. What are the technology trends and regulatory frameworks in the Yogurt Market?
5. What is the market share of the leading vendors in the Yogurt Market?
6. What modes and strategic moves are considered suitable for entering the Yogurt Market?

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